temporary severing of employment relationships followed by a phase of more standard labour market search and matching, we use … stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …

80 percent of their pre-crisis level. Also, data suggest that the increase in employment in May 2020 is due to some of … those waiting to be recalled re-entering employment. These patterns suggest that the labour market might rebound quickly …

temporary severing of employment relationships followed by a phase of more standard labour market search and matching, we use … stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market … persistence in depressed employment rates. …